DRX DLY HEALTHCARE BULL 3X (CURE) Stock Technical Analysis
USA - NYSEARCA:CURE - US25459Y8764 - ETF
Overall CURE gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CURE is showing a nice and steady performance.
CURE has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. We notice that large players showed an interest for CURE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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68.85
5 important support areas can be observed.
- Support @96.27 from a trend line in the daily time frame.
- A support zone ranging from 90.95 to 92.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @86.20 from a trend line in the weekly time frame.
- Support @83.80 from a trend line in the daily time frame.
- Support @69.55 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 107.11 to 109.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CURE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CURE is up. |
| ChartMill Relative Strength | 83.84 | POSITIVE | CURE has a high relative strength, it outperformed 83.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CURE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CURE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CURE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 74.02 | OVERBOUGHT | The high RSI value suggests CURE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.85 | POSITIVE | The MACD value suggests CURE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.37 | NEUTRAL | The Stochastics value for CURE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.21 | MEDIUM VOLATILITY | The ATR as a percentage value for CURE suggests some volalility. |
| Average Directional Index/ADX (14) | 30.35 | POSITIVE | The high ADX value value for CURE suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 106.16 | 92.54 | 13.62 (12.83%) | 7.79% |
| An entry @106.16. This is a Buy Stop order right above the resistance zone. | An exit @92.54. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 13.62 points, which is 12.83%. | For a 1.00% total portfolio risk, you can invest 7.79% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
107.1
-0.59 (-0.55%)
DRX DLY HEALTHCARE BULL 3X / CURE FAQ
What is the ChartMill technical rating of DRX DLY HEALTHCARE BULL 3X (CURE) stock?
ChartMill assigns a technical rating of 9 / 10 to CURE.
Can you provide the trend direction for DRX DLY HEALTHCARE BULL 3X?
The current trend direction for DRX DLY HEALTHCARE BULL 3X (CURE) is Bullish.
What is the RSI signal for DRX DLY HEALTHCARE BULL 3X (CURE) stock?
DRX DLY HEALTHCARE BULL 3X (CURE) has an RSI value of 74.0225. This indicates that the stock is currently overbought.
What is the short term momentum for CURE stock?
The short term momentum for DRX DLY HEALTHCARE BULL 3X (CURE) is positive.
Can you provide the support and resistance levels for DRX DLY HEALTHCARE BULL 3X?
DRX DLY HEALTHCARE BULL 3X (CURE) has a support level at 96.27 and a resistance level at 106.15. Check the full technical report for our detailed analysis of CURE support and resistance levels.